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Overview / Commentary
218-722-3500
2630 West Superior Street
Duluth, MN 55806

Park State Bank is headquartered in Duluth and is the 242nd largest bank in the state of Minnesota. It is also the 5,159th largest bank in the nation. It was established in 1916 and as of September of 2017, it had grown to 13 employees at 2 locations. Park State Bank has an A health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Park State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8851
Year Established1916
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD8.96%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$52.8MM$44.7MM
LoansQ3 2017vs Q3 2016$43.8MM$31.7MM
DepositsQ3 2017vs Q3 2016$44.5MM$37.9MM
Equity CapitalQ3 2017vs Q3 2016$7.8MM$6.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$187.00K$63.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$57.00K$0
Real Estate OwnedQ3 2017vs Q3 2016$0$30.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Park State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$5kKasasa Saver
OTHER TIERS: 0.35% $5k+
Locations


Park State Bank Locations
Park State Bank2630 West Superior StreetDuluth, MN 55806
Park State Bank - Minneapolis Branch430 1st Avenue, Suite #104Minneapolis, MN 55401